Economic Policy

Government economic decisions, reforms, budgets, and fiscal policy

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IATA expects a decline in global airline sector profits in 2026

The International Air Transport Association (IATA) predicted today, Sunday, a decline in global airline sector profits to nearly half due to the war in the Middle East and the subsequent rise in fuel costs and disruption of key air routes. The International Air Transport Association (IATA), which represents more than 370 airlines accounting for about 85 percent of global air traffic, in its annual report, expects the sector to record a total net profit of $23 billion in 2026, significantly lower than previous estimates of about $41 billion, and a decline from the $45 billion recorded in 2025. Willie Walsh, the director general of IATA, told Reuters at the association's annual meeting in Rio de Janeiro: “...

Jun 7, 2026al24news.dz
Energy & Hydrocarbons
OPEC+ Alliance Decides to Increase Oil Production by 188,000 Barrels Per Day Next July

OPEC+ Alliance Decides to Increase Oil Production by 188,000 Barrels Per Day Next July

The member countries of the OPEC+ alliance agreed today, Sunday, to increase oil production by 188,000 barrels per day in the coming month of July. The seven member countries of the OPEC+ alliance, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, announced in a virtual meeting that discussed the global oil market conditions and its future prospects to implement an increase in production of 188 ...

Jun 7, 2026al24news.dz
Energy & Hydrocarbons
Algerian Minister of Energy: Africa Must Transition from Rentier Logic to Integrated Development

Algerian Minister of Energy: Africa Must Transition from Rentier Logic to Integrated Development

The Algerian Minister of State and Minister of Energy, Mohamed Arkab, stated today, Sunday, that the African continent is required to transition from a rentier logic to integrated development, expressing Algeria's readiness to share its experiences with African countries within the framework of South-South cooperation based on partnership and integration. During the reception of the Executive Secretary of the African Refiners and Distributors Association (ARDA), Anibor Kragha, and his accompanying delegation, in the presence of ...

Jun 7, 2026al24news.dz
Economic Policy
Algeria Between Europe and Africa: An American Report Highlights Opportunities for Rise - Iqtissad Al Balad

Algeria Between Europe and Africa: An American Report Highlights Opportunities for Rise - Iqtissad Al Balad

Algeria is entering a clearer economic phase in its path of regional and international repositioning. Through a gradual opening to investment, expanding partnerships with major powers, and diversifying productive sectors outside hydrocarbons, at a time when its energy status has turned into a strategic card within the European energy security equation.

Jun 7, 2026iqtissadalbalad.dz
Energy & Hydrocarbons
OPEC+ Alliance Heads for Fourth Increase in Oil Production

OPEC+ Alliance Heads for Fourth Increase in Oil Production

The OPEC+ alliance is set to approve an increase in oil production for the fourth consecutive time since the outbreak of the war on Iran at the end of February. Reuters reported from three sources within the OPEC+ alliance that the bloc is moving towards approving the fourth increase in oil production targets over four consecutive months, against the backdrop of a reduction...

Jun 7, 2026al24news.dz
Trade & Exports
Rare shipment of Algerian liquefied gas arrives in the Netherlands - Iqtissad Al Balad

Rare shipment of Algerian liquefied gas arrives in the Netherlands - Iqtissad Al Balad

Algerian liquefied natural gas strengthened its presence in the European market in May 2026, after Algeria exported a rare shipment to the Netherlands with a quantity of 68,000 tons. This is a notable indicator of Algeria's export resilience and its ability to seize new opportunities in a highly competitive European market, which continues to seek nearby and reliable supplies amid global energy market disruptions and increasing sensitivity to maritime supplies.

Jun 7, 2026iqtissadalbalad.dz
Regulatory & Legal
The President orders the establishment of laboratories to monitor products intended for consumption at ports and airports

The President orders the establishment of laboratories to monitor products intended for consumption at ports and airports

The President, Mr. Abdelmadjid Tebboune, tasked the Ministries of Internal Trade and Health with establishing laboratories to monitor products intended for consumption at all ports and airports in the country and managing them, according to a statement from the Council of Ministers. The statement clarified that regarding the follow-up to enhance monitoring mechanisms for products intended for consumption and to strengthen laboratory capabilities, 'the President tasked both the Ministry of Internal Trade and the Ministry of Health with establishing laboratories to monitor products intended for consumption at all ports and airports in the country and managing them.'

Jun 7, 2026radioalgerie.dz
Energy & Hydrocarbons
OPEC+: Algeria and 6 countries decide on a collective increase in oil production starting from July

OPEC+: Algeria and 6 countries decide on a collective increase in oil production starting from July

Seven countries from the OPEC+ group, including Algeria, agreed today, Sunday, to a collective increase in oil production of 188,000 barrels per day starting from next July, according to a statement from the Ministry of Energy. The agreement came during a meeting of the seven countries as part of the OPEC+ cooperation announcement, which implements voluntary production adjustments (Algeria, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Russia), in which Algeria participated via video conferencing.

Jun 7, 2026radioalgerie.dz